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France’s top poultry producer and processor Doux calls in administrators

France’s top poultry producer and processor Doux calls in administrators

Posted on Jun 12, 2012

French group, Doux, said to be the world’s fifth-largest poultry producer, has gone into administration, unable to agree a deal with creditors. The business employs 10,000 people worldwide of which 3,400 are in France.

“A court-appointed administrator will assist the company’s management to finalize a plan on continuing operations in France that will try to save jobs and keep the company going,” said Doux, which currently receives 59 million euros in EU farm subsidies.

Various reports have indicated that Barclays Bank and French officials have issued statements that lay the responsibility for the company falling into administration at the feet of Charles, Doux. According to The China Post, a statement issued by the ministries of re-industrialization and agriculture Doux personally rejected a proposal that would have provided assistance to the tune of 35 million euros.

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